Overview

agricultural property relief


Show Summary Details

Quick Reference

An inheritance tax relief available on the transfer of agricultural property when certain conditions are met. Since March 1992 the relief has been at a rate of 100% or 50%. The 100% rate applies if the transferor has vacant possession of the property or the right to vacant possession within the following 12 months; it may also apply if the property was let after 31 August 1995. Otherwise the 50% rate applies. Houses or cottages on farmland may qualify for the relief if the Revenue is satisfied that they are occupied for the purposes of agriculture.

Subjects: Accounting.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.